The Shift Eastward: World's Biggest Banks 1999 and 2009

One interesting indicator of the financial shift eastward and the rise of China is indicated in the first two graphs, just over the fold (hat-tip: Syd Walker). As Michael Hudson points out in The Toll Booth Economy, China’s central bank is now the largest holder of U.S. government and other dollar securities.

As such, China is the major subsidizer of the U.S. payments deficit, and because half of the US federal budget’s discretionary spending in the US military-industrial-media complex is on the military, this places China in the curious position of effectively subsidizing, nay underwriting, US military misadventurism. See also China Is Now in Firm Control of U.S. Debt Markets.

As the US is a ZOG moreover, more than one of these military disasters has been at the behest of a certain belligerent entity.

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“Just as none of us is outside or beyond geography, none of us is completely free from the struggle over geography. That struggle is complex and interesting because it is not only about soldiers and cannons but also about ideas, about forms, about images and imaginings.”Edward Said (1994)

صلح Pax سلام שלום Pace Hasîtî Barış 和平 Мир Peace Mir Friede Paix

Timely Reminders

"Those who crusade, not for God in themselves, but against
the devil in others, never succeed in making the world better,
but leave it either as it was, or sometimes perceptibly worse
than what it was, before the crusade began. By thinking
primarily of evil we tend, however excellent our intentions,
to create occasions for evil to manifest itself."
-- Aldous Huxley

"The only war that matters is the war against the imagination.
All others are subsumed by it."
-- Diane DiPrima, "Rant", from Pieces of a Song.

"It is difficult
to get the news from poems
yet men die miserably every day
for lack
of what is found there"
-- William Carlos Williams, "Asphodel, That Greeny Flower"